Anapaya blog

Anapaya completes technical evaluation of the new communication service for the financial centre - with the Swiss National Bank and SIX

Leah Ladines
Posted by Leah Ladines on 19 February, 2021
SSFN update

In June 2020, Anapaya announced a project to develop a new secure communication network with the Swiss financial industry. This network has now completed its technical evaluation and is currently being operationalised with a target go-live in the second half of 2021 - provided approval by key parties” explains Martin Bosshardt, CEO of Anapaya.

In collaboration with the Swiss National Bank, SIX, the Swiss telecom companies Sunrise, Swisscom and SWITCH as partners and some banks, the project has reached several critical milestones in setting up a new secure communication network for the Swiss financial industry.

The technical infrastructure is now fully built and functional.

The Swiss telecom companies Sunrise, Swisscom and SWITCH as technology partners have collaboratively implemented a functional network based on SCION technology, a networking protocol developed by the Swiss Federal Institute of Technology in Zürich (ETH Zürich) and being brought to market by Anapaya.

Access to this new network including required certificates is provided by Swiss service providers. As a next step, international service providers are planned to be connected also to interconnect financial institutions accessing the new network from abroad.

Stress-tested and getting ready to operationalise the new network.

Involved project partners have completed extensive technical evaluations of the communication network and associated infrastructure confirming that the new network meets business continuity requirements even under critical failure conditions. For more detailed information, read our blog post about the methodology and outcome of one of the technical evaluations.

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Before the go-live and while performing further tests, measures are being taken to operationalise the new network. This includes setting up to the governance structure, defining operational procedures and transforming the network with all its components from the pilot character to a productive setting.

Target go-live: H2 2021

It is the envisioned goal that this new service, now in its final stages of the set-up, should get approved and hit the market in the second half of 2021. Following this, participants of the Swiss financial center shall connect to the new network in waves during the following years for the exchange of data between themselves.

“Extensive testing under extreme conditions has proven the reliability and resilience of the infrastructure - made possible by the path control and inherent multipathing properties of a SCION-based network architecture. This level of reliability and resilience is a vast improvement to ensure business continuity for current and future system-relevant use -cases and applications not only in the financial sector but also for other critical infrastructures.”

- Fritz Steinmann, SIX, Senior Network and Network Security Architect